RBC Capital Maintains Sector Perform on Fastly, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Rishi Jaluria maintains a Sector Perform rating on Fastly (FSLY) and lowers the price target from $18 to $9.
May 02, 2024 | 2:43 pm
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NEGATIVE IMPACT
RBC Capital maintains a Sector Perform rating on Fastly and lowers the price target from $18 to $9.
The reduction in price target by RBC Capital from $18 to $9 reflects a negative outlook on Fastly's stock value in the short term. This adjustment could lead to a decrease in investor confidence and potentially lower stock prices as market participants adjust their expectations based on the new analyst target.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100